Jan 17, 2013 2:30am EST
everything. this meant unyielding opposition to every one of the obama administration's legislative initiatives. >> he could be defeated partly by his own ideology anisbyd h own behaviors. >> the feeling was that if that group could cooperate and if that group could lead, that the wilderness might not be a generation away. >> by the end of the evening, you began to realize, wait a second-- you've got nancy pelosi as an opponent, you have a clear choice of ideologies. we have a tremendous amount of hard work to do. but it's doable. >> they all talked about this, and they began to get more and more optimistic, and they left feeling practically exuberant. >> inauguration day full of events. ten, count them, ten official inaugural balls... >> narrator: across washington that evening... >> stunning crowd of people... >> narrator: the new president had no idea what the republicans were planning. >> ladies and gentlemen, the president of the united states and the first lady, michelle obama. (crowd cheering) >> narrator: surrounded by supporters at the inaugural balls, the mood was hopeful.
Jan 22, 2013 10:00pm EST
criminally liable for fraud. >> he and president obama will continue to work on... >> narrator: with a new administration arriving in washington, bankers and their attorneys expected investigations and at least some prosecutions. >> ...$150 billion in mortgage-backed securities. >> smith: was there a sense that there were going to be prosecutions of alleged fraud related to the mortgage crisis? >> i think there was that expectation. i think people had seen the financial crisis. there was obviously a lot of conduct that had gone on that was improper. and i think people were expecting to see some substantial prosecutions. >> the men and women who duped would-be homeowners, who defrauded the american investor, need to be identified, prosecuted, convicted and thrown in jail. >> narrator: in washington, there was broad support for prosecuting wall street. >> i was really upset about what went on on wall street that brought about the financial crisis. not only destroyed the finance... almost destroyed the financial system of the united states, almost destroyed the financial system of